Stocks tumbled around the world as a wave of selling spread from Asia through Europe and the US as banks continued to reel from funding shortages and governments scrambled to stop a behind-the-scenes run on the world’s banking system.
The Japanese currency jumped 5.7 per cent against the euro, its largest one-day gain since the European single currency started trading in 1999. It also surged 4.2 per cent against the US dollar
Interest rates set to fall, economists claim
Act now, remortgage hunters urged
Borrowers still getting mortgages
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Paris, France - Interior View of Paris Financial Annual Exhibit at Porte Maillot Convention Center, Business Meeting, Banking and FInance. French Security and Exchange Commission, A.M.F.